The report provides in-depth analysis of the size and performance of the reinsurance industry, based on the Gallagher Reinsurance Index group of companies.
Key Findings from this report:
- Total capital dedicated to the global reinsurance industry measured USD 728 billion at year-end 2021, reflecting 8% year-on-year growth.
- Gallagher Re’s in-depth analysis of a subset of 17 reinsurers shows improvement in underwriting returns on an underlying basis. The underlying combined ratio improved to 99.8% (2020: 100.7%), which is the first time since 2014 that it has fallen below 100%.
- ROEs also improved, increasing to 11.4% (2020: 2.7%) and 6.2% (2020: 1.3%) on a reported and underlying basis, respectively.